Searches And Hires
The town received eight submissions in response to an RFQ issued in August.
The retirement fund also approved an Africa-focused private equity commitment earlier this month.
The retirement system first approved a draft general investment consultant RFP at its investment committee meeting last week.
The trust initially received an education on the strategy in August.
The pension system is also scheduled to review a 2026 pacing plan for private credit at this week’s board meeting.
The nearly $600 billion plan will eliminate its asset class targets in pursuit of greater flexibility in its investment portfolio.
The plan invested $185 million in a fixed-income strategy last month.
The plan is seeking non-discretionary investment consulting services for its more than $500 million alternatives portfolio.
The plan’s investment committee and general investment consultant recommended a manager change following a search presentation earlier in the year.
The retirement fund terminated the manager due to underperformance.